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Bio-Based Cosmetics and Personal Care Ingredients Market - A Global and Regional Analysis

Focus on Application, Active Ingredients, and Country-Wise Analysis - Analysis and Forecast, 2021-2031

 
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The global bio-based cosmetics and personal care ingredients market was estimated at $4,679.33 million in 2021 and is expected to reach $8,122.74 million by 2031, growing at a CAGR of 5.67% during the forecast period 2021-2031.

The top market players are BASF SE, Covestro AG, DSM, Clariant, DOW, Dynamic Blending Specialists, Croda International Plc, Evonik Industries AG, Elementis Plc, Corbion N.V., Alternative Plants Ltd., Ashland, Solvay, Momentive, The Lubrizol Corporation.

Factors driving the growth of the bio-based cosmetics and personal care ingredients market are increasing awareness regarding Ill-effects of synthetic chemicals, government regulations restricting the use of harmful/synthetic ingredients in cosmetics and personal care products, and the influence of advertising strategies on consumer trust.

Some of the main challenges restricting the growth of the bio-based cosmetics and personal care ingredients market are the high cost of bio-based cosmetic products, concerns about the efficacy of bio-based products as opposed to synthetic-based cosmetics.

The potential opportunities that are likely to boost the growth of the bio-based cosmetics and personal care ingredients market are robust demand for bio-based ingredients providing, opportunities for potential suppliers in developing countries, increasing traction of male-specific products.